Index of Industrial Production and Use-Based Index dec 2015

Quick Estimates of Index of Industrial Production and Use-Based Index for the Month of December, 2015 (Base 2004-05=100)

The Quick Estimates of Index of Industrial Production (IIP) with base 2004-05 for the month of December 2015 have been released by the Central Statistics Office of the Ministry of Statistics and Programme Implementation. IIP is compiled using data received from 15 source agencies viz. Department of Industrial Policy & Promotion (DIPP); Indian Bureau of Mines; Central Electricity Authority; Joint Plant Committee, Ministry of Steel; Ministry of Petroleum & Natural Gas; Office of Textile Commissioner; Department of Chemicals & Petrochemicals; Directorate of Sugar & Vegetable Oils; Department of Fertilizers; Tea Board; Office of Jute Commissioner; Office of Coal Controller; Railway Board; Office of Salt Commissioner and Coffee Board.

The General Index for the month of December 2015 stands at 183.4, which is 1.3 percent lower as compared to the level in the month of December 2014. The cumulative growth for the period April-December 2015 over the corresponding period of the previous year stands at 3.1 percent.

The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of December 2015 stand at 137.5, 192.0 and 183.2 respectively, with the corresponding growth rates of 2.9 percent, (-) 2.4 percent and 3.2 percent as compared to December 2014 (Statement I). The cumulative growth in three sectors during April-December 2015 over the corresponding period of 2014 has been 2.3 percent, 3.1 percent and 4.5 percent respectively.

In terms of industries, ten out of the twenty two industry groups (as per 2-digit NIC-2004) in the manufacturing sector have shown negative growth during the month of December 2015 as compared to the corresponding month of the previous year (Statement II). The industry group ‘Electrical machinery & apparatus n.e.c.’ has shown the highest negative growth of (-) 44.9 percent, followed by (-) 10.7 percent in ‘Publishing, printing & reproduction of recorded media’ and (-) 8.2 percent in ‘Tobacco Products’. On the other hand, the industry group ‘Radio, TV and communication equipment & apparatus’ has shown the highest positive growth of 82.0 percent, followed by 17.5 percent in ‘Office, accounting & computing machinery’ and 16.6 percent in ‘Furniture; manufacturing n.e.c.’.

As per Use-based classification, the growth rates in December 2015 over December 2014 are 0.5 percent in Basic goods, (-) 19.7 percent in Capital goods and 0.9 percent in Intermediate goods (Statement III). The Consumer durables and Consumer non-durables have recorded growth of 16.5 percent and (-) 3.2 percent respectively, with the overall growth in Consumer goods being 2.8 percent.

However, growth rates in respect of individual items may not reflect their actual contribution in the overall growth rate of IIP. Taking into account the weights of different items, the overall growth rate of IIP can be decomposed into positive and negative contributions of different items. Such contributions of top five items with positive contribution and top five items with negative contribution are given below:

Item Group

Weights (%)

Contribution

High Negative Contributors

Cable, Rubber Insulated

0.12

-2.5736

sponge iron

0.99

-0.2854

Stainless/ alloy steel

0.64

-0.2197

Conductor, Aluminium

0.20

-0.1742

Heat Exchangers

0.10

-0.1655

High Positive Contributors

Telephone Instruments Including Mobile Phone And Accessories

0.22

0.7190

Commercial Vehicles

1.93

0.5224

Gems And Jewellery

1.77

0.3784

Electricity

10.32

0.3108

Mineral index

14.16

0.2971

Along with the Quick Estimates of IIP for the month of December 2015, the indices for November 2015 have undergone the first revision and those for September 2015 have undergone the final revision in the light of the updated data received from the source agencies. It may be noted that these revised indices (first revision) in respect of November 2015 may undergo final (second) revision along with the release of IIP for the month of February 2016.

Statements giving Quick Estimates of the Index of Industrial Production at Sectoral, 2-digit level of National Industrial Classification (NIC-2004) and by Use-based classification for the month of December 2015, along with the growth rates over the corresponding month of the previous year including the cumulative indices and growth rates are enclosed.

STATEMENT I: INDEX OF INDUSTRIAL PRODUCTION – SECTORAL

(Base : 2004-05=100)

Month

Mining

Manufacturing

Electricity

General

(141.57)

(755.27)

(103.16)

(1000.00)

2014-15

2015-16

2014-15

2015-16

2014-15

2015-16

2014-15

2015-16

Apr

122.6

121.9

181.4

188.5

178.1

177.2

172.7

177.9

May

125.3

127.9

183.5

187.3

183.9

195.0

175.3

179.7

Jun

122.1

121.6

180.1

189.5

181.6

183.7

172.0

179.3

Jul

116.2

117.7

182.2

190.9

183.8

190.3

173.0

180.5

Aug

115.0

120.2

173.4

184.8

184.1

194.4

166.2

176.6

Sep

115.3

119.3

181.9

186.9

175.6

195.7

171.8

178.2

Oct

124.2

130.6

170.0

188.1

184.9

201.6

165.1

181.4

Nov

128.6

131.0

179.9

171.5

174.3

175.6

172.1

166.2

Dec*

133.6

137.5

196.8

192.0

177.6

183.2

185.9

183.4

Jan

136.7

200.7

176.7

189.2

Feb

129.6

192.7

166.0

181.0

Mar

149.0

210.3

176.4

198.1

Average

Apr-Dec

122.5

125.3

181.0

186.6

180.4

188.5

172.7

178.1

Growth over the corresponding period of previous year

Dec*

-1.7

2.9

4.1

-2.4

4.8

3.2

3.6

-1.3

Apr-Dec

1.8

2.3

1.8

3.1

10.0

4.5

2.6

3.1

* Indices for Dec 2015 are Quick Estimates.

NOTE : Indices for the months of Sep’15 and Nov’15 incorporate updated production data.

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